Akora Resources Ltd. · ASX:AKO
Akora Resources — Brisbane Mining Conference 2022
16 slides from Akora Resources's conference presentation, Mar 24, 2022
Slide 1: Premium Grade Iron Ore Future via a DSO Start-up
Premium Grade Iron Ore Future via a DSO Start-up 24 March 2022 - Brisbane Mining Conference
Slide 2: AKORA Resources – High-Grade Madagascan Iron Ore
AKORA Resources – High-Grade Madagascan Iron Ore Bekisopa Outcrop – 66.7% iron ore Low-cost Future Projects DSO start-up Tratramarina focused on Ambodilafa High-Grade Outcrop Morombe Bekisopa and Weathered Zone Iron Toliara HG - Weathered Zone 2 BEKD17 - 2.2m at 66.1%Fe
Slide 3: Bekisopa – Drilling Success
Bekisopa – Drilling Success Tenement 3757 ➢ Completed 63 drill holes, totaling 6,200m drilled Tenement 10430 ➢ Confirms iron mineralisation continues; ➢ below high-grade outcrop ➢ at depth of 300m downdip ➢ along 6-kilometer strike ➢ across strike widths +750m ➢ true thickness 50 to 171m across and
Slide 4: Bekisopa - Northern Zone Cross Section
Bekisopa - Northern Zone Cross Section 300m Downdip ▪ High-Grade ~64%Fe near surface assays - potentially DSO ▪ BEKD01 6.9m @ 64.7%Fe, BEKD19 4.6m @ 63.9%Fe, BEKD24 3.9m @ 63.7%Fe, ▪ Iron formation dipping to the west, open at depth, ideal open pit mining start 4
Slide 5: Bekisopa - Central Zone Cross Sections
Bekisopa - Central Zone Cross Sections True width 70m Westerly dipping iron formation, open at surface and depth, ideal low strip ratio mining 5
Slide 6: Product Grade Trials High to Premium Iron Grades at Coarse sizing's
Product Grade Trials High to Premium Iron Grades at Coarse sizing’s Drill Core – BEKD10 Product trials performed on composites from surface to ~37m downhole – BEKD01, 04, 10 and 34 0 to 4m ▪ Confirm upgradability at a 2mm crush and magnetic separation (wLIMS) 59%Fe ▪ Confirm upgradability at a 75-mi
Slide 7: Bekisopa Maiden Mineral Resource
Bekisopa Maiden Mineral Resource Maiden Mineral Resource* completed in 15 months post IPO Bekisopa Zone Tonnes DTR Head Grade Concentrate DTR Mt % %Fe Grade Tonnes %Fe Mt Northern 43.3 43.3 33.3 68.2 18.7 Central 41.2 36.3 30 67 15 Total (Inferred) 39.9 31.7 33.7 84.5 67.6 ✓ Resource only for the No
Slide 8: Bekisopa Large Scale Open Pit Mining Potential
Bekisopa Large Scale Open Pit Mining Potential Iron Mineralisation open at surface, low strip ratio open pit mining 43.3Mt North Initial selective mining of outcrop and high-grade weathered zone for DSO 41.2Mt Central Excellent liberation at coarse sizing’s with magnetic separation delivers +62%Fe f
Slide 9: Bekisopa Mineralised Zones – Oblique View
Bekisopa Mineralised Zones – Oblique View Central Zone Northern 41.2Mt Zone 43.3Mt Southern Zone Exploration Target Estimated at ~50 to 100Mt Maiden Resource at Bekisopa Northern and Central is 84.5 Million Tonnes with the Southern Zone Exploration Target estimated at another 50 to 100 Mt, plus sign
Slide 10: Outcrop and VHG Surface Zone
Anticipating a High-Grade DSO start-up at Bekisopa Outcrop and VHG Surface Zone BEKD31 BEKD16 67.8%Fe 66.2%Fe 68.5% 64.8% 68.5% 64% 1 69.3% 2 66.3% 2 Initial production – High-grade DSO ~65%Fe Lump and Fines 10
Slide 11: Produce iron ore fines after a 2mm crush and dry magnetic separation
Produce iron ore fines after a 2mm crush and dry magnetic separation BEKD09 BEKD34 BEKD46 58%Fe 57.3%Fe 34.3%Fe 60% 43.9% 42.9% 59% 62.8% 30.8% 51% 3 48.3% 4 33.3% 4 At Surface At Depth At Depth Then produce Surface Zone From Depth high-grade ~65%Fe Fines iron ore ~62%Fe Fines fines 11
Slide 12: 71% Iron “Super” Premium Grade Iron Ore
Produce Premium Grade Iron at 75-microns and magnetic separation Central Zone Drill Core BEKD04 Upgrades to 32%Fe 71% Iron 30% “Super” Premium Grade Iron Ore Concentrate at 75-micron 27% 0.37% Silica, 0.01%Alumina, 0.002%P and 0.003%S 22% 5 At 81%Fe Recovery and 31% Mass yield Very high-grade iron f
Slide 13: Significant 84.5Mt Iron Resource with more to Prove
Bekisopa a Significant 84.5Mt Iron Resource with more to Prove Confirmed Bekisopa Resource of 84.5Mt at 67.6%Fe product grade, next ✓ Report the Southern Zone Exploration Target estimated at 50 to 100Mt ✓ Further mineralisation and resource work to upgrade the resource ✓ Studies on transport logisti
Slide 14: AKORA Resources – Bekisopa Maiden Resource at 84.5Mt
AKORA Resources – Bekisopa Maiden Resource at 84.5Mt, includes Iron Ore Price ✓ 64%Fe potential DSO at surface Ave 58% 62% 65% 67 to 70% Mar Fe Fe Fe DRI 2022 ✓ 64%Fe high grade fines after magnetic separation USD 97 149 178 ?? at 2mm crush size with low impurities ✓ 68%Fe premium grade after magnet
Slide 15: Disclaimer
Disclaimer Forward Looking and Competent Person Statement This corporate presentation contains forward looking statements which constitute “forward looking information” within the meaning of securities legislation and “Forward Looking Statements”. • All statements included herein, other than stateme
Slide 16: AKORA Resources
AKORA Resources Bekisopa Project DSO Start-up and High Grade Iron Ore Future Investor Presentation ASX: AKO March 2022